The new report by Procurement Resource, global procurement research and consulting firm, looks in-depth into the costs involved in the production of glycerol. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and the depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the glycerol industry that might influence the costs of production, looking into the capacity expansions, plant turnarounds, and mergers, acquisitions, and investments.
Download a free sample of the production cost of glycerol from plant and animal sources and many more@
Glycerol, popularly known as glycerine, is a simple polyol compound, which appears colourless. It is an odourless and sweet viscous liquid and is non-toxic in nature. It has a boiling point of 290°C and melting point 17.9°C. Glycerol is soluble in water and is hygroscopic in nature. The major end-use industries of glycerol are marine, oil and gas, industrial, construction and infrastructure, energy and power, and automotive and transportation. Its downstream products in the household sector include shampoo, moisturizer, shaving cream, toothpaste, and others.
The major consumers of glycerol in the Asia Pacific region include China, Japan, South Korea, India, and Australia. The Eastern Europe market, meanwhile, has been largely dominated by Russian and Turkish chemical giants. South America and Africa have also shown a tremendous potential for the growth of the market. The glycerol market is anticipated to rise at a considerable rate in the coming years because of its increasing demand from food, pharmaceutical, and nutraceutical industries. With the COVID-19 pandemic spreading across the world in 2020, the production of glycerol was affected by the drop in biofuel production and a decrease in demand for its industrial applications like in the rubber and antifreeze industries. However, glycerol has witnessed continuous demand during this period in the production of hand sanitizers. These factors are expected to influence the production cost for glycerol.
Read the full production cost analysis report of glycerol@
The production cost report by Procurement Resource assesses the production of glycerol via plant and animal sources. It occurs in plant and animal sources as triglycerides, an ester of glycerol and three fatty acids. Plant sources include palm or soybean, while animal-derived tallow is another source of the product. When the hydrolysis and saponification of the triglycerides in these sources are done, glycerol is produced as a co-product, along with fatty acid derivatives.
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